But the debate rages on as to whether Wal-Mart's move to increase wages is enough, particularly in light of the rise in cost of living and how much money the company makes.

The move is "inadequate" and Wal-Mart still has a long way to go to help its workers, Tsedeye Gebreselassie, employment attorney with the National Employment Law Project, told CNBC's "Power Lunch" on Thursday.

National Employment Law Project is a non-partisan, not-for-profit organization that conducts research, education and advocacy on issues affecting low-wage and unemployed workers.

Gebreselassie also thinks Wal-Mart workers will demand more from the the retail giant "$16 billion in profits, 1.3 million employees. "Walmart workers have helped make the company one of the largest and most profitable corporations on Earth. I think they should, and will demand $15 dollars an hour. This is fair and a small price to pay to help its associates truly 'live better."